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AI Firms, Anthropic, Cohere and Aleph Alpha Get Fresh Funding from SAP
Jul 19, 2023
SAP invests in cutting-edge AI companies Anthropic, Cohere, and Aleph Alpha. The podcast explores their unique AI models, potential impacts, and alignment with SAP's strategy. It also discusses the gravitation of consulting giants towards generative AI and industry watchers' cautiousness.
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Quick takeaways
- SAP's investment in AI startups reflects their commitment to the AI revolution and their focus on enhancing customer experience in areas like sales and services.
- Anthropic, Cohere, and Aleph Alpha are leading AI companies in their respective fields, well-aligned with SAP's strategy, and their collaborations position them as frontrunners in the AI industry.
Deep dives
SAP Invests in Three AI Startups to Accelerate Their Consulting Efforts
German consulting firm SAP has recently chosen to back three AI startups. These companies, anthropic, cohere, and alpha alpha, have already closed rounds of funding and are seen as leaders in their respective fields. SAP's investment reflects their eagerness to be part of the AI revolution and aligns with their pledge to invest over $1 billion into AI-enabled enterprise tech ventures. The partnership with these startups allows SAP to further enhance their customer experience suite and focus on areas like sales, services, and commerce, which are expected to be disrupted by AI. These collaborations demonstrate the increasing trend of consulting giants integrating generative AI into their offerings.
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